The U.S. Department of Agriculture's Food Safety and Inspection Service said https://www.fsis.usda.gov/wps/portal/fsis/topics/recalls-and-public-health-alert s/ r e c a l l- c a s e- a r c h i v e/ a r c h i v e/ 2 0 1 9/ r e c a l l- 0 3 4- 2 0 1 9- r e l e a s e late Thursday it had received two consumer complaints of extraneous material in Tyson's chicken strips and that there were no...
March 22- Tyson Foods Inc is recalling about 69,000 pounds of frozen, ready-to-eat chicken strips that may be contaminated with metal, the U.S. Department of Agriculture said late on Thursday. The department's Food Safety and Inspection Service said https://www.fsis.usda.gov/wps/portal/fsis/topics/recalls-and-public-health-alert s/ r e c a l l- c a s e- a r...
RUSSIA CBANK SAYS- THE ACCELERATION OF ANNUAL INFLATION WAS CURBED DECLINE IN PRICES OF PRINCIPAL TYPES OF MOTOR FUEL AND CERTAIN FOOD PRODUCTS IN FEBRUARY VS JANUARY.
WUZHEN, China, March 21- China's 2019 pork imports are set to double from last year to 2 million tonnes, a Rabobank analyst said on Thursday, as African swine fever hits production of the meat in the world's top hog market. China has reported 113 outbreaks of the contagious disease since last August, though farmers and industry insiders say several outbreaks are...
BUENOS AIRES/ SAO PAULO, March 20- Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro's agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without applying the 10 percent tariff that is usually levied on such purchases. Wheat growers in Argentina's...
*Tariffs could be left on China for a long period- Trump. In a knee-jerk reaction, stocks hit session lows after President Donald Trump said tariffs could be left on China for a long period of time, but pared some of the losses soon after. Trump also said a trade deal with Beijing was coming along, with U.S. trade negotiators going to China soon.
*Fed Chief Powell to hold press conference at 2:30 p.m. ET. March 20- U.S. stocks fell on Wednesday after economic bellwether FedEx Corp's downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. The market is definitely laser-focused on the...
*Fed Chief Powell to hold press conference at 2:30 p.m. ET. March 20- U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. "It's a Fed day and investors will scrutinize its communiqué with two key factors...
March 20- Wall Street's main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered. The U.S. central bank is largely expected to keep the fed funds rate steady and lower the number of hikes forecast for 2019 as it wraps...
*Fed chief Powell to hold press conference at 2:30 p.m. ET. The U.S. central bank is expected to keep the fed funds rate unchanged and lower the number of hikes projected for the rest of the year as it wraps up a two-day policy meeting, followed by a statement at 2 p.m. ET and a press conference by Fed Chairman Jerome Powell half an hour later. "Today's price action is...
March 20- General Mills reported an 8 percent rise in quarterly sales on Wednesday, driven by its acquisition of pet food maker Blue Buffalo, and the packaged food company raised its full-year profit forecast, sending its shares up 6 percent. The company's net sales rose 8 percent to $4.20 billion in the third quarter, largely in line with expectations of $4.19...
March 20- Saudi Arabia's stock market dropped on Wednesday as its banks fell, while most major Gulf markets also slid, mirroring global cues ahead of a decision by the U.S. Riyad Bank slipped 1.8 percent as the lender traded ex-dividend, while Saudi's largest lender National Commercial Bank shed 1 percent. The kingdom's largest food products company Savola...
Miles Hurrell of Fonterra discusses the impact of a drought in Australia on his business, especially in the dairy industry. He also notes that dairy consumption is still "on the rise" in China despite its slowing economy.
HONG KONG, March 20- Start-ups specialising in alternative protein, from eggless eggs to pea-stuffed burgers and cell-grown fish products, are piling into the Chinese territory of Hong Kong to tap the mainland's booming multi-billion dollar food market. Backed by some of the world's top billionaires including Hong Kong businessman Li Ka- shing,...
CHICAGO, March 18- U.S. front-month hog futures surged on Monday, extending last week's advances on expectations of additional export sales to China, where African swine fever has decimated the world's largest hog herd, traders said. Chicago Mercantile Exchange April lean hogs settled up 2.225 cents at 71.025 cents per pound after reaching as high as 71.175...
*Lower pig prices in China due to African swine fever. BEIJING, March 15- China's WH Group said on Friday its fourth-quarter net profit fell 7 percent to $290 million, as low pig prices in China and the Sino-U.S. trade war hit the income of the world's top pork producer. In April, China slapped a 25- percent import duty on most U.S. pork products in response to U.S. tariffs...
BRASILIA, March 14- Brazilian prosecutors are asking for repayment of 5.5 billion reais to state development bank BNDES for cash injections the bank financed in meatpacker JBS SA.
CHICAGO, March 14- China made its biggest purchases of U.S. pork in nearly two years last week, U.S. Department of Agriculture data showed on Thursday, as Chinese hog prices surged after an outbreak of a deadly swine disease. The sale of 23,846 tonnes of U.S pork in the week ended March 7 comes after a months-long outbreak of African swine fever in China that has spread...
CARACAS/ MARACAIBO, Venezuela, March 13- President Nicolas Maduro's government scrambled on Wednesday to return power to western Venezuela following heavy looting in the country's second largest city, while China offered to help the OPEC- member nation end its worst blackout on record. Power had returned to many parts of Venezuela after a nationwide outage...
Jim Cramer reveals why he hasn't given up on Boeing despite its woes.
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